UK fintech Ebury acquires Lithuania’s ArcaPay to accelerate global growth.

16th January 2025
UK fintech Ebury has reached an agreement to acquire ArcaPay, a Lithuania-based provider of B2B cross-border payment solutions.
Ebury has announced its agreement to acquire ArcaPay, a Lithuania-based provider of B2B cross-border payment solutions, a move aimed at expanding its presence in the Baltics and supporting its clients’ growth in the region.

The acquisition is subject to regulatory approval, and the financial terms have not been disclosed.

Headquartered in Vilnius, ArcaPay specializes in foreign exchange (FX), currency risk management, and cross-border payment services. Since its launch in 2011, the company has built a client base of approximately 1,000 SMEs, mainly in the Baltic and Finnish markets.

Ebury’s CEO and founder, Juan Lobato, commented that the acquisition aligns with the company’s strategic goals of pursuing targeted acquisitions, enhancing service to existing clients, and expanding into new, attractive markets.

This acquisition marks another step in Ebury’s global expansion. With majority backing from Spanish bank Santander, Ebury has already made notable moves internationally, including its 2022 acquisition of Brazilian FX and cross-border payment provider Bexs, followed by the purchase of South Africa’s Prime Financial Markets in 2023 to establish a presence in Africa. The fintech has also recently expanded into New Zealand, Chile, and Mexico.

In March 2024, Bloomberg reported that Ebury was in talks with several unnamed banks regarding a potential public listing on the London Stock Exchange (LSE) in 2025. This was followed by an August Financial Times report revealing that Ebury had appointed Goldman Sachs to lead the potential flotation.